W01 PM 24

Stakeholders of a project.

• Those who are actively involved in the project

• Those whose interests may be positively affected by the project

• Those whose interests may be negatively affected by the project

• Those who have no interest nor influence in the project

The 2 most critical keywords in PMBOK'S definition of a Project.

• Generic and Temporary

• Permanent and Generic

• Unique and Temporary

• Permanent & Unique

Common purposes of Project Management.

• Deliver project results on time, on budget with quality

• Allow flexible end dates to a project

• Identify the critical path to manage the project effectively and efficiently

• Control scope creep and manage the changes

The most common relative importance of the following constraints in a project.

• Scope/Quality > Time > Cost

• Time > Cost > Scope/Quality

• Cost > Scope/Quality > Time

The correct sequence for the remaining 4 stages in a project life cycle after Initiating.

• Executing > Planning > Monitoring & Control > Closing

• Planning > Executing > Monitoring & Control > Closing

• Monitoring & Control > Planning > Executing > Closing

The project manager must try to minimize engagement with stakeholders so as minimize complexity and confusion.

• True

• False

To reduce project time, it is recommended to skip planning as it consumes a lot of time.

• True

• False

Scope change is one of the major problems in executing a project.

• True

• False

A group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

• Program

• Sub-portfolio

• Portfolio

The product life cycle has a definite end whilst the project life cycle may not.

• True

• False